You are hereBlogs / dlindorff's blog / The Gov. Lamm approach: Social Security Starves Us Slowly as the GOP Tries to Kill Us by Gutting Health Care

The Gov. Lamm approach: Social Security Starves Us Slowly as the GOP Tries to Kill Us by Gutting Health Care


By dlindorff - Posted on 15 March 2017

By Dave Lindorff

 

            I currently receive a Social Security benefit check of $985 a month, which is a spousal benefit I qualified for, one of the last to be able to make use of the so-called file-and-suspend option for married people reaching age 66 that the Obama Administration and Congress agreed to do away with two years ago, in one of many small cuts being applied to the Social Security program.

 

            This year that benefit, like the benefit checks of all 60 million people (one in five of all Americans) on Social Security, rose by a scant 0.3 percent, taking my check from $983 a month last year to its present level -- a rise of $2.00 a month (I was actually screwed out of a dollar because of crooked rounding!).

 

            Now we learn that the Federal Reserve is raising the benchmark interest rate a notch because inflation is actually running at close to 2 percent -- the “target” of the Federal Reserve Bank’s policy makers for achieving what they call a “health economy.”

 

            Now don’t tell me that inflation was running at 0.3 percent last year and that it’s now 2.0% three months later. We didn’t just have a huge 1.7% jump in prices of everything over the past three months.

 

            The truth: This is a screw job on the elderly and the disabled, pure and simple.

 

            The claim that our costs of living didn’t really change over the course of 2016 was a fraud. Everyone knows it. Food prices rose dramatically last year. So did fuel costs, for both heating and driving. Transportation costs rose, and so did car prices. Rents went up, and so did interest rates on borrowing for a home or a home equity loan. And health care costs -- a big one for the Social Security set -- rose 6.5%, which is what they’re expected to rise by this year too. And do you know what percent of their income the elderly spend on healthcare? It’s 20% across the board. Since it’s safe to say that nothing the elderly (or anyone else) has had to buy in 2016 got any cheaper, clearly our cost of living rose a damn sight more than the measly joke of an increase of 0.3 percent that we saw (or didn’t notice) in our benefit checks!

 

            Clearly Congress should be revisiting this year’s cost-of-living adjustment and making it match what the Fed says inflation has really been. It’s wrong for the government to be keeping a double set of books on something like this, yet that is exactly what they’re doing!

 

            But I’m not holding my breath. This is the Congress that at this moment is attempting to pass a bill killing the so-called Affordable Care Act...

 

For the rest of this article by DAVE LINDORFF in ThisCantBeHappening!, the uncompromised, collectively-run, five-time Project Censored Award-winning online alternative news site, please go to: www.thiscantbehappening.net/node/3494

CHOOSE LANGUAGE

Support This Site

Donate.

Get free books and gear when you become a supporter.

 

Sponsors:

Speaking Truth to Empire

***

Families United

***

Ray McGovern

***

Julie Varughese

***

Financial supporters of this site can choose to be listed here.

 

Ads:

Find the perfect Purple Bridesmaid Dresses for your bridesmaids from Queeniebridesmaid.co.uk

 

*****

 

Ca-Dress Long Prom Dresses Canada
Ca Dress Long Prom Dresses on Ca-Dress.com

Buy Books

Get Gear

The log-in box below is only for bloggers. Nobody else will be able to log in because we have not figured out how to stop voluminous spam ruining the site. If you would like us to have the resources to figure that out please donate. If you would like to receive occasional emails please sign up. If you would like to be a blogger here please send your resume.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.